The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
KazMunaiGas Exploration & Production (KMG), the third-largest producer of crude oil in Kazakhstan, raised around $2.03bn from an IPO that consisted of 23.1 million new shares and 3.46 million secondary shares offered in the form of global depositary receipts (GDRs), which listed on the London Stock Exchange (LSE), and ordinary shares, to be traded on the Kazakhstan stock exchange.
White & Case capital markets partner Francis Fitzherbert-Brockholes led the advice to KMG, while Freshfields advised ABN Amro Rothschild and Credit Suisse as joint global coordinators and joint bookrunners, led by corporate partners Stephen Revell and Ken Martin.
Revell said: "This deal will make it easier for subsequent similar deals in Kazakhstan."
KMG's shares priced at $14.64 (£7.34) and debuted on the LSE on 4 October, the same day trading commenced on the Kazakh exchange. The IPO has given KMG a market capitalisation of approximately $6.2bn (£3.32bn).
The listing is the second-largest out of Kazakhstan following the $2.5bn (£1.34bn) IPO of copper mining giant Kazakhmys in October 2005.